Poštanska štedionica (full legal name: ''Banka Poštanska štedionica a.d. Beograd'') is a Serbian

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

that is one of the largest operating in Serbia. It was founded in 1921 and its headquarters are located in

Belgrade Belgrade is the Capital city, capital and List of cities in Serbia, largest city of Serbia. It is located at the confluence of the Sava and Danube rivers and at the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. T ...

, Serbia. , it is the sole bank operating on the Serbian market that is majority (or wholly) owned by the

Government of Serbia The government of Serbia ( sr-cyrl, Влада Србије, Vlada Srbije), formally the Government of the Republic of Serbia ( sr-cyrl, Влада Републике Србије, Vlada Republike Srbije), commonly abbreviated to Serbian Governme ...

History

Poštanska štedionica (meaning "Post's savings service") was founded on 26 June 1921 in

Palilula, Belgrade Palilula (Serbian Cyrillic: Палилула, ) is a municipality of the city of Belgrade. It has the largest area of all municipalities of Belgrade. The core of Palilula is close to the center of the city, but the municipality also includes spars ...

when the law of postal savings service was implemented. By 1926 it had become the main financial savings institution in

Kingdom of Yugoslavia The Kingdom of Yugoslavia was a country in Southeast Europe, Southeast and Central Europe that existed from 1918 until 1941. From 1918 to 1929, it was officially called the Kingdom of Serbs, Croats, and Slovenes, but the term "Yugoslavia" () h ...

, with branches in all postal offices in the entire county. By then, it practiced a policy of financial transactions free of any taxes, intended to motivate the population to save capital.O banci
at Poštanska štedionica official website, retrieved 29-11-2018 A period of technological implementation followed. In 1969 the offices are equipped with the first

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

computers. Also, Poštanska štedionica became the first financial institution in all of

SFR Yugoslavia The Socialist Federal Republic of Yugoslavia (commonly abbreviated as SFRY or SFR Yugoslavia), known from 1945 to 1963 as the Federal People's Republic of Yugoslavia, commonly referred to as Socialist Yugoslavia or simply Yugoslavia, was a country ...

to introduce the credit cards. In 2002 Poštanska štedionica becomes a fully operational bank, and, in 2006, it changes its name to Banka Poštanska štedionica a.d. It was admitted to the free market in

Belgrade Stock Exchange The Belgrade Stock Exchange (BELEX, ) is a stock exchange based in Belgrade, Serbia. The Stock exchange was founded in 1894 in the Kingdom of Serbia, after the King proclaimed the Stock exchange law of 1886. Currently, the Belgrade Stock Exc ...

on February 7, 2006. In October 2013, Serbian Ministry of Finance proposed to the government that bank takes over all insured and uninsured deposits and parts of assets of the majority state-owned Privredna banka Beograd which has lost licence for banking. Later, in late January 2014, another state-owned Univerzal banka has lost its licence and Poštanska štedionica took their clients. In April 2021, Poštanska štedionica acquired minor mts banka. In October 2021, Poštanska štedionica acquired former subsidiary of Komercijalna banka in Bosnia and Herzegovina. SInce 2022, bank is operating in

Bosnia and Herzegovina Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

under name Banka Poštanska štedionica Banja Luka.

References

External links

* Banks of Serbia Banks established in 1921 Companies based in Belgrade Postal savings system Serbian brands 1921 establishments in Serbia {{Serbia-company-stub

History

See also

References

External links